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Facing mounting cost-of-living pressures, taxpayers can now lodge their returns for the 2023-2024 financial year and hopefully receive some much-needed tax dollars back. This includes Australians who receive government payments, who must either lodge a tax return or complete a form explaining they receive a non-taxable payment.
“If you lodge before you are tax ready, you will need to find, calculate and add the information about your financial situation yourself,” it said. Centrelink payment information can be expected to be pre-filled in your ATO myTax account by late July. “If you got other payments from us that don’t show on your Centrelink payment summary, for example an emergency payment, you need to add these yourself,” Services Australia said.
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